Mozambique formally admitted to Egmont Group

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Mozambique formally admitted to Egmont Group

1:09 CAT | 17 Jul 2025

File photo: Lusa

Mozambique has been admitted to the global Egmont group of Financial Intelligence Units (FIUs), as part of the process of strengthening the prevention and fight against money laundering and related crimes, the Mozambican Ministry of Finance announced today.

In a statement, the ministry said that “as part of the government’s efforts to make the system for preventing and combating money laundering, terrorist financing, and related crimes more robust and effective”, the Mozambique Financial Intelligence Office (GIFiM – the Mozambican FIU) “was formally admitted” to Egmont, the global Financial Intelligence Units Group, on July 10.

This admission comes as Mozambique awaits a decision in September on its removal from the Financial Action Task Force (FATF) international money laundering ‘grey list’.

Egmont is a forum currently made up of 170 countries, created in June 1995 in Brussels, “to promote cooperation, exchange of information, and coordinate capacity-building” among the group’s member FIUs, to improve countries’ intervention in preventing and combating money laundering, terrorist financing, and other related crimes, the Ministry of Finance explains.

The accession process Mozambique’s inclusion in the group “was sponsored” by its counterpart FIUs in South Africa, Brazil, and Malawi, the ministry adds.

READ: Attorney-General: Mozambique’s GIFiM to join Egmont Group

Mozambique has been on the FATF’s international Grey List since 2022, but the government says that it has already complied with all recommendations necessary for its removal.

“As part of the efforts to remove Mozambique from the Grey List, Mozambique has already complied with the 26 actions in the FATF plan, which led the institution to recognize the capacity of our institutions to prevent and combat money laundering and terrorist financing crimes,” said Finance Minister Carla Loveira on June 16.

She added that the FATF Council of Ministers had approved “the on-site visit for September 8-9, an essential step in the process of removing Mozambique from the Grey List”.

“The FATF Council of Ministers also approved the holding of a face-to-face meeting in Mozambique from September 8th to 11th, where the International Cooperation Review Group (ICRG) will assess the countries that are on the world ‘grey list’. The scheduling of the ICRG meeting in Mozambique represents recognition that the country is implementing a sustainable system to prevent and combat money laundering and terrorist financing,” the Minister of Finance also stated at the time.

The ICRG assesses and monitors countries with strategic deficiencies in their anti-money laundering and terrorist financing structures, identifying risks and working with them to correct them. It may include them on the FATF’s ‘grey’ watch list or ‘black’ list of non-cooperating countries.

In addition to Mozambique, the FATF Grey List also includes Angola, as well as neighbouring countries such as Namibia, South Africa and Tanzania.

The Mozambican authorities announced on May 15 that they had already met all the indicators that led to their inclusion on the FATF Grey List of financial jurisdictions on October 22, 2022, namely for not having eliminated deficiencies in the fight against money laundering and terrorist financing.

“We are awaiting the procedures to exit the Grey List and return to the normal situation we have always lived in, in which our financial institutions, our reputational sense, the sense of foreign investors towards the national, everything returns, (…) in which they look at us without us being money launderers,” the national coordinator for the removal of Mozambique from the Grey List, Luís Abel Cezerilo, said at the time.

Source: Lusa